Office development reached a cycle high of 2.3 million square feet in 2017, marking a 53.7 percent year-over-year increase. Construction has picked up in less popular areas such as Jefferson Corridor and downtown Long Beach, while North Hollywood emerged as the most active suburban submarket.

BTI Partners' Kevin Mays discusses trends and opportunities in the hospitality sector but also ways in which owners, developers and managers can improve the quality of their assets in an increasingly competitive environment.